Schools that reduce grant funding or self-help funding

Paying for College
1

<p>Can you guys help me out?</p>

<p>These factors determine whether I should spend a lot of time of private scholarships.</p>

<p>We should make a list.</p>

2

<p>MOST schools will adjust your FA package as you declare outside monies. What exactly are you asking about here?</p>

3

<p>I’m worried that private scholarships I win (if I do, that is) will go to waste if some colleges just take money off from grant funding.</p>

4

<p>Funny how you choose to apply the word “waste”. If getting outside scholarships means you won’t have loan debt, I hardly think your efforts were wasted.</p>

5

<p>Wait.</p>

<p>Doesn’t grant funding mean what you get from the university itself?</p>

<p>The college takes private scholarships to reduce the amount of financial aid, not loan?</p>

<p>Or did I misunderstand the term…?</p>

6

<p>My understand is that private/outside scholarships first reduce student loans/work study (policy may vary from school to school), then student contribution from savings/summer work, then grants from the university. Parent contribution is the very last thing to be reduced by outside scholarships. But I also understand how private scholarships are applied varies from school to school. So the best advice - check with the schools you will be applying to.</p>